Q2 2021 Hexagon AB Earnings Call Transcript
Welcome to the Hexagon Q2 Report 2021. (Operator Instructions) Today, I am pleased to present Ola Rollén, President and CEO. Please begin your meeting.
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Thank you, and welcome, everyone, to this Q2 interim report 2021. And if we move to Slide #4, we can have an overview of the second quarter of 2021.
We recorded sales of 20% and organic growth is 20% as well. And as you can see from the bridge on the right-hand side of this slide, structure and currency was 4% and minus 4%, respectively, and total sales amounts to EUR 1.76 billion. This is actually our strongest quarter ever with sales, earnings, margins and cash flow at an all-time high.
We saw very strong demand in Geosystems and Autonomy & Positioning, solid recovery in MI, recording 31%, 18% and 24% organic growth, respectively. Safety & Infrastructure had tough comps, a very strong quarter in Q2 of 2020, but grew by 2% organic growth. PP&M was the only
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